Oklahoma enters Fiscal Year 2027 with billions in reserves and surplus cash (Capitol Update)

Oklahoma enters Fiscal Year 2027 with billions in reserves and surplus cash (Capitol Update)

As Oklahoma settles into Fiscal Year 2027, which began July 1, advocates for education, health care, public safety, and other state services will begin trying to determine how much funding may become available for appropriation. The new Legislature will convene in February and write the FY 2028 budget in May.  This job has become more complicated in recent years because the Legislature has created various “reserve accounts” where they deposit mo…

Oklahoma Tax Revenue Rises 2.6% in July

Oklahoma collected $1.5 billion in state tax revenue in July, an increase of $36.9 million, or 2.6%, compared with July 2025, according to a report from Oklahoma Treasurer Todd Russ. Collections for the 12-month period ending in July totaled $17.95 billion, an increase of $977.5 million, or 5.8%, from the previous 12-month period. “July’s report shows a steady economic environment,” Russ said. “Manufacturing remains in expansion territory, consu…